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Can I get a loan for my home improvements?

I'm thinking to make some home improvements and in particular I would like to renovate my bathroom. The last time I did my bathroom remodelling was 10 years ago and I'm really tired now!

The problem is that I have not enough saving to do this only counting on my own forces and I think I will have to ask for a loan. It is not such a charming idea but it is the only possibility I have. Can you give me some advice and tips on the most suitable type of loan to face the costs of home improvements? Than you.

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I have just talked with my sister who is going to renovate her kitchen and she told me that she has got in touch with a company called the Ecology Building Society. It is a building firm that seeks to encourage a green approach at the moment of making home renovation. But the most incredible thing is that the same society offerssustainable mortgage for some types of works and improvements, for instance in the case of energy saving improvements and any work made respecting the earth. I think this is great!

As far as I know many banks provide loans for home improvement up to 80% of the total amount that you think you are spending. Anyway, I think that in event you are already repaying a mortgage for your home, the most popular tool is the home equity loan (also known as second mortgage) which allows to receive the loan without having to pay high interest rates. It could be defined as a sort of "mini-mortgage". This video maybe will give you some further useful information.

First of all I would suggest you to opt for DIY. In this way you will save a lot of money and maybe you will have to borrow a very small amount of money from your bank. I usually buy building materials and everything I need online. Homedepotis a very good store for this stuff.

Then, consider that the amount you can apply for to your bank is generally calculated by using a multiple of your income, also called "joint incomes". Many lenders check your available disposable income after any pre-existing commitments and after that define the borrowable amount. At the moment getting a loan is more difficult if you are self-employed and this is why my neighbour couldn't remodel his home. I think that now, he will address to a broker in order to find the best solution to make these improvements.

As far as I know many banks provide loans for home improvement up to 80% of the total amount that you think you are spending. Anyway, I think that in event you are already repaying a mortgage for your home, the most popular tool is the home equity loan (also known as second mortgage) which allows to receive the loan without having to pay high interest rates. It could be defined as a sort of "mini-mortgage". This video maybe will give you some further useful information.

First of all I would suggest you to opt for DIY. In this way you will save a lot of money and maybe you will have to borrow a very small amount of money from your bank. I usually buy building materials and everything I need online. Homedepotis a very good store for this stuff.

Then, consider that the amount you can apply for to your bank is generally calculated by using a multiple of your income, also called "joint incomes". Many lenders check your available disposable income after any pre-existing commitments and after that define the borrowable amount. At the moment getting a loan is more difficult if you are self-employed and this is why my neighbour couldn't remodel his home. I think that now, he will address to a broker in order to find the best solution to make these improvements.

I have just talked with my sister who is going to renovate her kitchen and she told me that she has got in touch with a company called the Ecology Building Society. It is a building firm that seeks to encourage a green approach at the moment of making home renovation. But the most incredible thing is that the same society offerssustainable mortgage for some types of works and improvements, for instance in the case of energy saving improvements and any work made respecting the earth. I think this is great!